Moniepoint Celebrates 10 Years of Empowering Small Businesses and Pioneering Financial Innovation

Moniepoint Inc., Nigeria’s leading platform for small businesses and Africa’s comprehensive financial ecosystem, recently released its 2025 Year in Review, commemorating ten years of “financial happiness” and a year marked by significant growth. The company highlighted its pivotal role as the backbone of Nigeria’s entrepreneurial economy, supporting over 6 million active businesses. Its microfinance bank has now disbursed over ₦1 trillion in credit to thousands of businesses—from provision stores and supermarkets to building materials sellers.

It is worth noting that, on average, these businesses experienced growth of more than 36% after accessing credit, underscoring its significance as a catalytic growth instrument and a tool for deepening shared prosperity. Moniepoint leverages alternative data points—including transaction histories, business patterns, and payment behaviors—to address gaps left by traditional credit scoring, thereby driving financial inclusion and access to credit. The company’s 2025 performance reinforces its role as a vital financial infrastructure that not only bolsters the Nigerian economy but also impacts everyday lives, creating immense value.

Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint Inc (formerly known as TeamApt Inc) has established itself as the premier financial platform for Nigeria’s extensive network of small and medium-sized businesses (SMEs). It offers an integrated suite of services, including digital payments, business bank accounts, credit, foreign exchange (FX), and management tools.

During the year, as Nigeria’s largest merchant acquirer—powering 8 out of every 10 in-person payments across the country—Moniepoint MFB, the banking and payments subsidiary, processed ₦412 trillion in transaction value across more than 14 billion transactions. This underscores Moniepoint’s strategic position in Nigeria’s journey toward a trillion-dollar economy by 2030.

“Our journey has been one of intentional evolution,”** said Tosin Eniolorunda, Group CEO and Founder of Moniepoint Inc. “What started as a passion to solve overlooked problems has evolved into a platform powering the dreams of millions. As 83% of employment in Africa exists in the informal economy, our mission to create financial happiness is an operational mandate that guides our product development, our market expansion, and our capital allocation decisions.”

Eniolorunda added with enthusiasm, “Yet for all we have accomplished, we approach our second decade with the clarity that our work remains unfinished. As we enter this next chapter, we do so with strengthened conviction in our strategy, deepened partnerships with world-class institutional investors, and an organization scaled to deliver on Africa’s entrepreneurial potential. The infrastructure we have built over the past decade provides the foundation. The journey is far from over, but our resolve has never been stronger. To our partners, our customers, and our team: thank you for a decade of impact. We are just getting started.”

In 2025, Moniepoint Inc. reached pivotal milestones, including the successful close of its Series C funding round, raising over $200 million from leading institutional investors such as Development Partners International, Google’s Africa Investment Fund, Visa, the International Finance Corporation, and Verod Capital. The year also saw the launch of MonieWorld in the United Kingdom, expanding Moniepoint’s platform to serve the African diaspora, strengthening key remittance corridors, and laying the groundwork for comprehensive cross-border financial services.

Moniepoint MFB re-launched its savings product, reaffirming its commitment to delivering “financial happiness.” Data shows that most users save daily, prioritizing business operations (24%), rent (16.5%), and education (10%). The launch of Moniebook and the acquisition of a national Microfinance Bank license for Moniepoint MFB further expand the company’s regulated offerings and product capabilities.

TeamApt Ltd, the switching and processing subsidiary of Moniepoint Inc., also achieved major regulatory and operational milestones in 2025. After a rigorous certification process, it secured licenses from Mastercard and Visa to act as a processor and acquirer for these global card schemes. This move enables TeamApt to support international card payments directly and provide critical switching services to other businesses across Africa. Meanwhile, Monnify, the web payment gateway, processed N25 trillion during the period, demonstrating resilience and industry confidence, positioning it for more B2B transactions.

Beyond banking, Moniepoint’s impact extended into social interventions, partnering with the Federal Government to support the Rice Intervention Programme, reaching nearly 850,000 beneficiaries, and collaborating with the Kaduna State Government on grants disbursement to vulnerable citizens. These initiatives underscore Moniepoint’s ongoing efforts to build infrastructure that unlocks Africa’s entrepreneurial potential and positions the company as a trusted partner in large-scale economic empowerment.

As Moniepoint Inc. enters its second decade, its evolution from a backend technology provider to a household name aligns closely with Nigeria’s vision of a more inclusive, data-driven, and productive financial landscape. To learn more about the 2025 Year in Review, visit http://2025.moniepoint.com